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African Pioneer Plc announced that it received the official, unconditional Mining Licence (ML 240) on 25 June 2025 for its 85%-owned Ongombo Copper-Gold Project. The licence is valid until 23 March 2045 and follows the Environmental Clearance Certificate (ECC No. 2302356) awarded on 24 March 2025.
| Date | 25 Jun 2025 |
| Time | 07:00:06 |
| Category | Miscellaneous |
| ID | 2503O |
25 June 2025
African Pioneer Plc
("African Pioneer" or the "Company")
Ongombo Copper-Gold Project issue of Mining Licence
African Pioneer Plc ("AFP"), the exploration and resource development company, is pleased to announce that it has received the official, unconditional Mining Licence (ML 240) until 23 March 2045 for its 85%-owned Ongombo Copper-Gold Project, located approximately 40 km northeast of Windhoek in the Khomas Region of Namibia. The formal receipt of the physical licence marks the final step in the government permitting process and follows the recent award of the Environmental Clearance Certificate (ECC No. 2302356, dated 24 March 2025).
Key Highlights
· All required Namibian government approvals now formally granted
· Mining Licence No. 240 is fully active and unconditional and is valid to 23 March 2045
Executive Chairman Colin Bird commented: "We are extremely pleased to have secured the final permitting for the Ongombo Project and would like to thank the Namibian Ministries of Mines and Environment for their collaboration and support. This marks a significant milestone for African Pioneer, enabling us to transition from permitting into project execution. The substantial upgrade in mineral resources and the decision to initiate low-cost, open-pit mining as a 'starter' operation puts us on a fast-track path toward production. We look forward to advancing Ongombo into a key contributor to the copper and gold production in the Khomas Region of Namibia."
For further information, please contact:
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African Pioneer Plc Colin Bird, Chairman |
Tel +44 (0) 20 7581 4477 |
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Beaumont Cornish Limited (Financial Adviser) Roland Cornish/Asia Szusciak |
Tel +44 (0) 20 7628 3396 |
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Novum Securities Limited (Broker) Jon Belliss |
Tel +44 (0) 20 7399 9400 |
or visit https://africanpioneerplc.com/
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The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").
Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as financial adviser to the Company in relation to the above matters and is not acting for any other persons. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it.
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